The US military escorted 40 commercial vessels carrying about 18 million barrels of oil through the Strait of Hormuz on Tuesday, a wartime record, as Washington and Tehran traded their heaviest blows in weeks, CNN reported, citing two US officials familiar with the operation.
Read more
Saudi Arabia's National Water Company plans to tender later this year 51 sewage treatment plants with a total treatment capacity of 888,000 cu m per day. These projects will see private-sector partners undertake the rehabilitation, operation and maintenance services for a 15-year period.
Read more
The UAE’s development drive will continue without waiting for “perfect conditions,” with the government moving ahead with major projects, economic initiatives and reforms, Vice President and Prime Minister HH Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday.
Read more
The global economy has proved more resilient than expected in the face of the energy supply shock triggered by the conflict in the Gulf, with global growth for 2026 holding at around 3%, International Monetary Fund Managing Director Kristalina Georgieva said.
Read more
Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
Read more
Global semiconductor company AMD and Humain, Saudi Arabia’s new AI enterprise, have announced a landmark investment of up to $10 billion to build a next-generation AI infrastructure ecosystem spanning Saudi Arabia and the US.
Dubai International Airport (DXB) has retained its position as the world’s busiest international airport for September, even as scheduled seat capacity remains significantly below last year’s level, according to aviation data provider OAG.
Risks to some issuer ratings in Gulf Cooperation Council (GCC) states could increase under a hypothetical scenario in which traffic through the Strait of Hormuz is disrupted through most of 2027, Fitch Ratings says in a new report.
Sohar International and National Bank of Oman (NBO) have agreed a $720 million syndicated refinancing facility for Phoenix Power Company SAOG (PPC), following the 15-year extension of its Power Purchase Agreement (PPA) with Oman Power and Water Procurement Company (OPWP).
The number of new economic licences issued to Emirati businesswomen in Abu Dhabi rose 6.4% in the first half of 2026, highlighting the growing role of women entrepreneurs in the emirate’s economy.
Damac Properties, the largest private real estate developer in the UAE and the Middle East, is currently celebrating the handover of more than 50,000 homes.
Lenovo, a global technology powerhouse and the world's largest personal computer vendor, has unveiled its first laptop manufactured in Saudi Arabia.
Amazon Web Services (AWS) has announced at LEAP in Riyadh that its first AWS Cloud Infrastructure Region in Saudi Arabia is on track to launch in December 2026.
Oil prices rose on Tuesday as renewed military tensions between the United States and Iran revived concerns that the conflict could continue to disrupt crude supplies from the Middle East.
Roads and Transport Authority (RTA) has completed traffic improvements at Al Qiyadah Intersection in a bid to boost traffic towards Abu Hail and Salah Al Din streets. The works include a left-turn lane onto Abu Hail Street alongside upgrades to the intersection layout and traffic signals.
Oman Power and Water Procurement Company (PWP) has invited bids for the provision of legal consultancy services for the development and competitive tendering of three new Solar 2030 Independent Power Projects (IPPs) with a combined planned capacity of 3,000 MW.
Riyadh Air has launched direct flights between King Khalid International Airport in Riyadh and Suvarnabhumi International Airport in Bangkok, strengthening air connectivity between Saudi Arabia and Thailand.
Chinese automobile manufacturer ROX has completed its Advanced AI Manufacturing Centre in Abu Dhabi and commenced local vehicle production, with the first three ROX Adamas vehicles carrying the “Made in the Emirates” mark rolling off the production line.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
The fifth auction held as part of the 23rd edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) 2026 attracted remarkable turnout, culminating in the sale of a Qarmousha Pure Ultra White falcon for AED1.5 million ($408,000).
EYWA Way of Water, a waterfront residential project featuring 65 luxury residences in Dubai's Business Bay district, is targeting certification for electromagnetic exposure alongside top international wellness and sustainability standards. The premium development is due for completion in 2028.
Qualcomm Technologies International and King Abdullah University of Science and Technology (KAUST) today announced a strategic collaboration designed to strengthen Saudi Arabia’s leadership in 6G innovation and artificial intelligence (AI).
Hassan Allam Holding has announced that its key subsidiary, Kortech, has won the MEP works contract from Saudi Entertainment Ventures (SEVEN) for its premium Al Khobar Entertainment Complex. The scope of work includes an underground car park, family entertainment centre as well as a cinema.
The Egyptian Cabinet has greenlit measures for the Ministry of Finance to issue up to $3 billion in international bonds throughout fiscal year 2026/2027. This move aligns with state strategy to cover budget funding gaps, broaden currency and lower refinancing exposure.
Switzerland-based CTS Group, a specialist in the design and development of data centres, has announced that it has joined hands with Saudi clean energy and smart infrastructure company Desert Technologies to set up a new data centre facility with an annual capacity of 300MW in Saudi Arabia.
Chinese automobile manufacturer ROX has completed its Advanced AI Manufacturing Centre in Abu Dhabi and commenced local vehicle production, with the first three ROX Adamas vehicles carrying the “Made in the Emirates” mark rolling off the production line.
More than 2,000 African and global business leaders plus heads of state will gather in New York from September 20 to 21 to take part in Unstoppable Africa.
The UAE’s development drive will continue without waiting for “perfect conditions,” with the government moving ahead with major projects, economic initiatives and reforms, Vice President and Prime Minister HH Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday.
